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- Dictionaryfringe benefit
noun
- 1. an extra benefit supplementing an employee's money wage or salary, for example a company car, private healthcare, etc.: "some occupations offer an employer's pension as a fringe benefit"
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Feb 25, 2024 · Fringe benefits are additions to compensation that companies give their employees. Some fringe benefits are provided to all employees, while others may be offered to executives...
May 30, 2024 · Fringe benefits are perks or extra compensation over and above regular salary. Some fringe benefits are for all the employees, whereas others are offered only to certain...
Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits such as social security and health insurance are required by law, while others are voluntarily provided by the employer.
The meaning of FRINGE BENEFIT is an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates. How to use fringe benefit in a sentence.
fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers.
Oct 10, 2022 · Fringe benefits are a form of compensation that employers give to team members in addition to their regular salary. There are many different types of fringe benefits, including retirement plans and health club memberships. Most fringe benefits are taxable but some, such as discounts and free memberships, are free.
FRINGE BENEFIT definition: 1. something that you get for working, in addition to your pay, that is not in the form of money…. Learn more.
Jan 12, 2024 · Fringe benefits are the additional benefits that companies give to employees beyond their salaries or wages. These benefits may include professional development stipends, meal subsidies, employee stock options, commuter benefits and more.
What are Fringe Benefits? Fringe benefits, also known as perks or extras, encompass additional non-monetary work rewards offered by an employer to an employee, which are not legally mandated and are a financial cost to the employer. Ready To Get Started? Let's Chat.
Fringe benefits refer to any form of long-term incentives or non-monetary compensation an employer offers employees. Such benefits exclude cash compensation like salaries and bonuses. Fringe benefits can often apply universally to all employees; in other cases, they are specific to a group of staff, especially at the team and executive levels.
